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New York court has last word in condo appraisal battle
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A New York appellate court has had the last word in a dispute over the accuracy of a tax assessment on a condominium complex. A more than $1 million divide between the appraisals of the condominium’s board and the town’s tax assessor resulted in a court volley that examined the different appraisal calculation methods used by both parties.
The case is Board of Managers of French Oaks Condominium v. Town of Amherst, et al., (Court of Appeals of New York, No. 66).
A complaint was filed by the board of managers of the French Oaks Condominium, a 39-unit residential complex built in Amherst, N.Y., in 2005. For the 2009-2010 tax year, the town of Amherst assessed the property at nearly $5.2 million.
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